Answer:
The return on total assets is 6.28%.
Explanation:
The return on total assets can be found from the following formula:
Return on Assets = Operating Profit / Average assets......Equation 1
And
Average Assets = (Opening Assets + Closing Assets)/2.........Equation 2
As here we are not given Opening assets and closing assets amount but we can find them through the following formula:
Opening Assets = Opening Equity + Opening Liability
Opening Assets = $198,935 + $83,932 = $282,867
Likewise
Closing Assets = Closing Equity + Closing Liability
Closing Assets = $121,851 + $103,201 = $225,052
Putting values in the Equation 2, we have:
Average Assets = ($282,867 + $225,052)/2 = $253959.5
Now by putting values in the Equation 1, we have:
Return on Assets = $15,953 / $253959.5 = 6.28%
Manufacturing overhead is _______________if actual manufacturing overhead costs for a period are greater than the amount of manufacturing overhead cost that was applied to Work in Process.
Answer:
overapplied
Explanation:
When we say that manufacturing costs were overapplied, it means that at the beginning of the production process the estimated costs were too high. In other words, the budget considered that it would cost more money to produce the goods.
In this case, overhead costs tend to be overestimated and then overapplied because they rely on past data and efficiency can improve, which lowers costs; or the total production output can be lower than estimated, therefore the company incurred in less costs.
Depending on the cause of the actual lower costs it can be good or bad. If the costs were lower due to improved efficiency, then it is very good. But if the costs were lower due to a lower output, then that is not good.
Manufacturing overhead is overapplied when actual costs exceed the applied costs. This could arise from production inefficiencies or unexpected costs. The difference must be addressed for proper financial accounting.
Explanation:In the realm of managerial accounting, the term Manufacturing Overhead refers to all the indirect factory-related costs that are incurred when manufacturing a product. When the actual manufacturing overhead costs for a period are greater than the amount of manufacturing overhead cost that was applied to Work in Process, we say that the manufacturing overhead is overapplied.
This situation may arise when there is an inefficiency in production, or unexpected costs, such as unplanned machine maintenance or increased factory labor wages.
To correct this, the difference must be added back to the cost of goods sold, or distributed across remaining inventory accounts depending on the policy of the company.
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The Men's Wearhouse stocks over 350 different styles and colors of ties. This group of ties can be referred to as the store's _________.
a) breadth of variety
b) consignment merchandise
c) depth of assortment
d) closeouts
e) power perimeter
Answer:
c) depth of assortment
Explanation:
The Men's Wearhouse stocks over 350 different styles and colors of ties. This group of ties can be referred to as the store's depth of assortment.
Depth of assortment is the number of varieties and styles within the product line. Today retail industry uses this strategy to increase sales and to convince a customer to buy, instead of buying from other stores.
Assortment strategy basically has two concepts:
Depth of assortment: It is the number of styles and variety of the same line of product or of a particular style.
Width of assortment: It is the number of product lines in the store or in the company.
Suppose you have purchased a non-refundable plane ticket and, at the last moment, you cannot take the trip. You can, however, sell the ticket. If you paid $700 for the ticket, the cost of sending the ticket to someone through overnight mail is $20, and you spend $10 on a courier to get the ticket to the post office for overnight delivery, what is the minimum you should accept for the ticket?
a) $700 because that is what the ticket cost.
b) $720 because that is the cost of the ticket and of getting it to the buyer.
c) $730 because that is the total cost of the ticket and getting it to the buyer.
d) More than $730, so that you can make a profit.
e) $30 because the $700 is a sunk cost.
Answer:
E) $30 because the $700 is a sunk cost.
Explanation:
The price of ticket is now a sunk cost, i.e. $700 and only minimum amount that can be earned and accepted is $30.
Sunk cost is an irreversible cost that is incurred because of faulty decision or less accurate forecast by companies or individuals, or even normal costs that is spent becomes a thing of past.
Usually decision makers choose not to spend more money on projects that incur more sunk costs and try to compensate that by making new ways. Sunk costs are like fires shot from a gun; you cannot recover them by any means.
So, $700 is now a sunk cost which couldn’t be brought back.
Final answer:
The minimum amount to accept for the ticket is $730, accounting for the purchase price and the additional mailing and courier expenses, with the initial ticket cost considered a sunk cost. Option C is correct.
Explanation:
The minimum amount you should accept for the ticket is $730. This is because the initial cost of the ticket ($700) plus the overnight mailing costs ($20), and the courier cost ($10) should be recovered even though you cannot make the trip. This total amount represents the minimum price to break even on your expenses. Remember, the $700 is considered a sunk cost, and the rational decision would be to focus on recovering the additional expenses associated with delivering the ticket to a new buyer. Option C is correct.
Assume baseball player salaries are fully determined before the season starts. From the point of view of the baseball team owner, player salaries during the course of the season are then:______
A. variable costs.
B. marginal costs.
C. average costs.
D. fixed costs.
Answer:
The correct answer is option D.
Explanation:
Fixed costs incurred in the production process can be defined as the cost that does not change with the volume of output. It remains constant throughout the production process.
In the given example, the salaries of baseball players are fixed and will remain the same throughout the season. So, in the view of the team owner, it is a fixed cost as it remains constant.
It may not always be possible to research the accounting for proposed transactions. Research may be required at the time, or after, a transaction is executed if:_______.
a. the transaction or event could not have been anticipated, such as issues arising from a fire or natural disaster.
b. the transaction was time-sensitive, and there was not sufficient lead time to research the accounting.
c. communication broke down between the accounting team and the operations teams in the organization, and the accounting team was not made aware of the proposed transaction.
d. the preparer has limited resources and therefore only performs research for final transactions.
e. all of the other answers are correct.
Option E
Research may be required at the time, or after, a transaction is executed if: all of the other answers are correct.
Explanation:
Inappropriate, accounting research may be required for transactions that are unique or rare for a firm, or concerning which a firm does not have an organized accounting fashion. Accounting research is commonly only implemented for transactions and functions that are deemed element to a thing and that are consequently suitable to users of an entity’s financial reports.
A transaction is performed, when the firm underwent from a construction explosion or natural hazard, the transaction was time-sensitive, Contact cracked down within the deal makers in the business and the accounting unit, the transaction was extremely secret.
Which e-commerce business model used in procurement and sourcing has a seller-operated service that consists of a number of electronic catalogs from suppliers within a market.
Answer:
The correct answer is: electronic marketplace.
Explanation:
An electronic marketplace gathers sellers and suppliers through the worldwide web who offer their products virtually to fasten the purchase process and reach a larger number of consumers. These characters have a well-structured business even if it is not physical. Their objective is to give consumers to shop online without the need of going to the store in person.
Robert plans to invest $650 in a savings account at the beginning of each of the next seven years. If his opportunity cost rate is 5 percent compounded annually, how much will his investment be worth at the end of seven years?
Answer:
Amount after 7 years will be equal to $914.615
Explanation:
We have given initial investment P = $650
It is given it is compounded annually with rate 5%
So rate of interest r = 5%
Time period is given n = 7 years
We have to find the amount after 7 years
Future value is given by [tex]A=P(1+\frac{r}{100})^n[/tex], here A is future value P is initial investment r is rate of interest and n is time period
So [tex]A=650(1+\frac{5}{100})^7[/tex]
[tex]A=650\times 1.05^7[/tex]
[tex]A=650\times 1.4071[/tex]
[tex]A=914.615[/tex]
So the amount after 7 years will be $914.615
___________An example of a campaign that uses integrated brand promotion is Taco Bell; they have simultaneously put out a commercial during the Super Bowl, print advertising, in-store promotions, and a hashtag that was all focused on a new product.
Answer:
Integrated marketing is an example of a campaign that uses integrated brand promotion is Taco Bell; they have simultaneously put out a commercial during the Super Bowl, print advertising, in-store promotions, and a hashtag that was all focused on a new product.
Explanation:
Marketing can be defined as all the strategies and activities put in place by a company to increase a company's product awareness. Once more potential customers know more about the product, they can then make a decision to either purchase or not. Marketing has been known to increase sales depending on how effective the marketing strategy is. Successful marketing strategies usually convert potential consumers to loyal customers thus increasing a product's market share.There are different types of campaigns that can be utilized to ensure that the target audience is sufficiently reached. Any company that wishes to improve the sale of it's products has to consider marketing strategies carefully. An example of marketing campaigns that is often considered is; integrated marketing.
Integrated marketing is a form of marketing that enables a unified experience for the customers to interact effectively with the products. It involves the use of various marketing vehicles that aim at improving a products awareness on many levels at the same time. In our case, Taco bell wanted to achieve three major marketing goals, namely; to put the brand on a national spotlight, build anticipation for a new product and also to encourage purchasing.
Suppose the price elasticity of supply for minivans is 0.3 in the short run and 1.2 in the long run. If an increase in the demand for minivans causes the price of minivans to increase by 5%, then the quantity supplied of minivans will increase by about
a. 1.5% in the short run and 6% in the long run.
b. 16.7% in the short run and 4.2% in the long run.
c. 6% in the short run and 1.5% in the long run.
d. 4.2% in the short run and 16.7% in the long run.
Answer:
a. 1.5% in the short run and 6% in the long run
Explanation:
Price Elasticity of supply = percentage change in quantity supplied / percentage change in price
In the short run, the percentage change in quantity supplied = 0.3 = the percentage change in quantity supplied / 5% = 1.5%
In the long run : 1.2 = the percentage change in quantity supplied / 5% = 6%
I hope my answer helps you
Marcos launched a small business by inventing, patenting and commercializing a new hand tool. Big Co. has produced a cheaper knock-off version of the tool and is violating Marcos' patent. Litigating a patent will cost at minimum several hundreds of thousands of dollars, which Marcos cannot afford. In this situation, Marcos cana. a. Hire a litigator from a large law firm who will assemble a large and highly qualified team and charge hourly feesb. b. Hire a litigator from a small law firm who will charge hourly feesc. c. Hire a litigator who will agree to a contingent fee structure and require payment only if Marcos obtains a settlement or jury verdictd. d. Save the cost of hiring a lawyer by representing himself in court
Answer:
C) Hire a litigator who will agree to a contingent fee structure and require payment only if Marcos obtains a settlement or jury verdict.
Explanation:
Generally when lawyers agree to a contingent fee structure is because they are convinced their chances of winning are high. Lawyers will accept a fixed percentage of the amount recovered, usually this percentage is around 1/3 of the final settlement.
This type of agreement is very useful since you don't need to invest a lot of money, and the lawyer's pay comes from the money awarded by the jury (or a settlement).
Sam, an engineer, supervises the construction of a new bridge. When the bridge collapses due to faulty construction, Sam is sued by those injured in the collapse. As a professional, Sam is held to the same standard of care asa) ordinary persons.b) other professionals, including doctors, dentists, and lawyers.c) other engineers.d) those injured in the collapse of the bridge.
Answer: Other Engineers.
Explanation:
Sam is held responsible for the bridge collapse based on his role as the engineer in charge of the project. As an engineer care has to be taken in making accurate calculations and design to ensure there are no accidents or failure as a result of poor design.
How does the ranking of spending by larger nations compare depending on which method is used to convert into a common currency?
Answer:
There are two basic ways of comparing spending between different countries:
By using the official exchange rate and their nominal value. Since the US dollar is the most "powerful" currency in the world, local currencies are exchanged to US dollars, then spending is measured in nominal US dollar values. Purchasing power party uses the US dollar as the base currency for the world and then compensates for changes in the exchange rates. This is usually more accurate since it compensates the fact that less developed nations are cheaper than rich developed countries. For example, a house in Switzerland is worth much more than a similar house in Mexico, therefore, the PPP compensates for this differences.A registered representative works in the municipal finance department of a municipal securities firm in a large city and is defined as a Municipal Finance Professional (MFP). The firm recently completed a $100 million underwriting for the city and the firm is hosting a dinner to celebrate the closing of the deal. The event is expected to cost $300 per person, including the cost of a cocktail reception, dinner, and the cost transporting the group to and from the venue where the event is being held. The representative wishes to invite one of the town officials with whom he worked on the underwriting to the event. Which statement is TRUE about doing this?A. Taking this individual to dinner violates the MSRB $100 gift limit
B. Taking this individual to dinner is a violation because the $300 value exceeds the MSRB Political Contribution rule limit
C. Taking this individual to dinner is permitted because this is business entertainment
D. This individual cannot be taken to dinner because it is a conflict of interest
Answer:
C: Taking this individual to dinner is permitted because this is business entertainment
Explanation:
Had it been before the completion of underwriting that representative invited the town official, then it could lead to a conflict of interest. But the project is already complete and it seems purely a business entertainment, so there is no big deal in inviting the town official to the event to celebrate success.
At one time, most of the cars produced in Mexico were sold in Mexico. Today, however, Mexico both exports and imports cars. How can comparative advantage explain these data?
Answer:
Mexico's speciality is the manufacture of high-end vehicles and it exports those. They then import low-end vehicles that are usually manufactured at a low cost in other places.
Explanation:
Comparative advantage refers to the ability of an economy to create products and services at a reduced cost than that of the business partners.
Mexico's shift towards producing shoes, leveraging its comparative advantage, illustrates how trade benefits a country by allowing it to consume more goods. International trade also allows the merging of economies of scale with competition, leading to better products for consumers, exemplified by the global automotive industry.
The concept of comparative advantage explains how countries can gain from trade by specializing in the production of goods for which they have a lower opportunity cost relative to other goods. In Mexico's case, shifting toward producing more shoes, which they have a comparative advantage in, allows them to trade for more refrigerators than they could produce domestically. The numerical example showcases that by focusing on comparative advantage, Mexico can consume more goods than it could without trade.
Dynamic comparative advantage refers to changes in a country's comparative advantages over time, often due to factors such as technological advancements or changes in factor endowments. Through international trade and economies of scale, countries can benefit from improved competition and variety, leading to better quality and more choice for consumers, as seen in the diverse automotive industry.
Ken believes his company's overhead costs are driven (affected) by the number of direct labor hours because the production process is very labor intensive. During the period, the company produced 5,000 units of Product A requiring a total of 800 labor hours and 2,500 units of Product B requiring a total of 200 labor hours. What allocation rate should be used if the company incurs overhead costs of $20,000?
Answer:
The Absorption Overhead rate must be used which can be computed using the following formula:
Absorption Overhead Rate (OAR) = Total overhead / Absorption Basis
Here as we know that the absorption basis is labor hours because the overhead costs are driven by the direct labor hours and also that the total overhead is $20,000.
Putting values in the formula:
Absorption Overhead Rate (OAR) = $20,000 / (200 + 800)Hrs = $20 per Hr
Total Overheads share for Product A = $20 per hour * 800 Labor hrs worked on product A = $16,000
For unit Product A = $16000 / 5000 units of A = $3.2 per unit of product A
Similarly for Product B:
Total Overheads share for Product B = $20 per hour * 200 Labor hrs worked on product B = $4000
For unit Product B = $4000 / 2500 units of A = $1.6 per unit of prduct B
What work-related tasks do you think would be appropriate to be delivered electronically, and what types do you feel would be better delivered in a more traditional setting?
Answer:
What I feel would be appropriate to be delivered electronically:
- Sending Daily report
- Requesting invoice for petty cash
- Working schedule
- Creating list of tasks.
I think every activities that does not necessarily need a lot of human communication should be delivered electronically . it just safe a lot of time and make it accessible anywhere you want.
What i feel would be better delivered in traditional setting:
- Brainstorming
- Firing people
I believe group brainstorming will be more efficient if team members spare their time to gather together in a private setting and focus on doing so. Doing it electronically will make it hard to communicate and some team members might not focusing on the task.
Firing people also should be done face-to-face. Even though this person is about to be kicked out of the team, we need to know that we appreciate what they've done to the team. Firing using electronic media just seems cold and impersonal.
Hope Insurance Inc. customizes its marketing strategies to meet the needs of different customer groups. For its soon-to-be-retired customers, it advertises its insurance products as a means to a financially secure and comfortable old age. For customers aged 25 to 50 years, it promotes the same products as a means to a bright academic future for their children. Which of the following market segment approaches is best illustrated in this scenario? Total segment approach Niche market approach Concentration approach Mass market approach Multisegment approach
Answer:
Multisegment approach
Explanation:
Multi segment approach refers to a marketing strategy where a firm provides distinct offerings to different segments of it's target market. Every of the market segment is treated differently with regards to it's offerings and benefits to each market segment.
Which is true about a process with a start event?
All paths in the process must end with an end event
Chosen paths in the process may end with an end event and the end events with incoming messages are shown as message events
Paths in the process reveal an end event and the end events optionally accept an incoming message
Paths with a start in the process must end with an end event
The end events must not accept an incoming messages
Answer:
All paths in the process must end with an end event
The end events must not accept an incoming messages
Explanation:
All paths in the process must end with an end event :
In a network of activity, all activity start with an event and end with an event. there must be an end to every activity that we undergo in a program.
The end events must not accept an incoming messages
An end event is an a single activity done to complete the intermediate and start activity. End event is the end of a process where no other activity or message is received. because for every message there must be a feedback.
In BPMN, for every process with a start event, all paths in that process must end with an end event, indicating the completion of a specific process or set of activities.
Explanation:In the context of Business Process Model and Notation (BPMN), which is a graphical representation for specifying business processes, the statement 'All paths in the process must end with an end event' is true about a process with a start event. This is primarily due to the existence of process flows where each initiated sequence flow (a path) must have a definitive start and end point for the purpose of clarity and completion of tasks. Hence, every start event initiates a path that must culminate in an end event, marking the completion of a specific process or a set of activities within the overall business process.
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Liam is considering putting money in an investment plan that will pay him $52,000 in 12 years. If Liam’s opportunity cost rate is 7 percent compounded annually, what is the maximum amount he should be willing to pay for the investment today? Use a financial calculator to determine the amount.
a. $23,089
b. $25,526
c. $26,888
d. $28,685
e. $30,534
Answer:
a) The Maximum Liam should be willing to pay is $23,089
Explanation:
The maximum amount Liam should be willing to pay for the investment is the present value of the future amount of 52,000 discounted at 7%.
The present value of a future sum is its worth in today's terms.This represents how much Liam should be offered now to make him indifferent about the choice of receiving $52,000 in the future.
For example, It is the amount that should be invested today at 7% to become $52,000 in 12 years time.
The present value (PV) of a future sum (FV) can be ascertained using the formula below:
PV = FV × (1+r)^(-n)
PV = 52,000× (1+0.07)^(-12)
= 52,000×0.4440
= 23,088.62
= $23,089
The Maximum Liam should be willing to pay is $23,089
Final answer:
The maximum amount Liam should be willing to pay for the investment plan today is $23,089. This figure is found by calculating the present value of the projected $52,000 return, based on a 7% opportunity cost rate compounded annually over 12 years.
Explanation:
Liam is considering an investment plan that promises to pay him $52,000 in 12 years. To determine the maximum amount Liam should be willing to pay today, we need to calculate the present value of that future amount based on his opportunity cost rate of 7% compounded annually. Using a financial calculator or the present value formula, we perform the following calculation:
[tex]PV =\frac{ FV}{(1 + r)^n}[/tex]
Where PV is the present value, FV is the future value ($52,000), r is the annual interest rate (7% or 0.07), and n is the number of years (12).
The calculation will give us:
[tex]PV = \frac{\$52,000}{(1 + 0.07)^{12}}[/tex]
[tex]PV = \frac{\$52,000}{(07)^{12}}[/tex]
[tex]PV = \frac{\$52,000}{2.2523}[/tex]
PV = $23,089
Therefore, the maximum amount Liam should be willing to pay for the investment today is $23,089, which corresponds to option a.
Salim files a case agaisnt nina for nonpayments of dues.before the trial. nina is examined under oath in the presense of salim's attorney. this process of examination is known as:_______.
Answer:
A) deposition
Explanation:
A witness or a party's deposition takes place before the actual trial starts, during discovery (or the investigation stage). During the deposition, the party or witness must answer the questions of the other party's attorney. Those questions are answered under oath, which means that lying is considered perjury and the party or the witness can be prosecuted for it.
Pare, Inc. purchased 10% of Tot Co.'s 100,000 outstanding shares of common stock on January 2, Year 1, for $50,000. On December 31, Year 1, Pare purchased an additional 20,000 shares of Tot for $150,000. There was no goodwill as a result of either acquisition, and Tot had not issued any additional stock during Year 1. Tot reported earnings of $300,000 for Year 1. What amount should Pare report in its December 31, Year 1, Balance Sheet as investment in Tot?A. $170,000B. $200,000C. $230,000D. $290,000
Answer:
B. $200,000
Explanation:
The amount of Tot's shares held by Pare are not enough to justify equity (below 20%) method so it will only adjust the amount for changes in the fair value not when net income and cash dividends are know or declared.
$ 50,000 first purchase
$ 150,000 second purchase
$ 200,000 total investment
A problem with the utilitarian principle of ethical decision making is that:_______.
a. it focuses on the consequences of our actions, not on how we achieve those consequences.
b. there is no agreement on what activities are the greatest benefits to the affected.
c. it is difficult to predict the "trickle down" benefits to the least well off in society.
d. it is almost impossible to evaluate the benefits or costs of many decisions.
e. it chooses the option that provides the minimum acceptable degree of satisfaction to those affected.
Answer:
Option D
Explanation:
The Utilitarian Strategy analyses an intervention in consideration of its effects or results; that is, the net advantages and expenses to all different participants.
It aims to accomplish the maximum good for the greatest amount while producing the least amount of suffering or preventing the most suffering.
In a business setting, this method may focus on a statistical methods of likely results, a traditional cost / benefit calculation, or evaluation of the potential usefulness of a result for different group participants.
The utilitarian principle of ethical decision-making has several problems. It focuses on outcomes over processes, has varying interpretations of the 'greatest good', faces challenges in predicting outcomes, struggles in evaluating benefits or costs of decisions, and aims for maximum rather than minimum satisfaction.
Explanation:The utilitarian principle of ethical decision-making is associated with several problems, including these options. Option a: The principle largely focuses on outcomes rather than the means of achieving them, potentially neglecting ethical concerns in the process. Option b: Utilitarianism seeks to create the greatest good for the greatest number, but what constitutes this 'greatest good' can vary widely, leading to disagreement. Option c: It is indeed challenging to predict the broader implications of decisions, particularly their impact on the least well-off in society. Option d: Evaluating the benefits or costs of many decisions can be incredibly complex and almost impossible under the utilitarian principle. Option e: The utilitarian principle does not aim to provide the minimum acceptable degree of satisfaction, but rather seeks the maximum overall benefit.
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The operating system converts a basic user request into the set of detailed instructions that the computer hardware requires, thus acting as an intermediary between the application and the hardware.
A. True
B. False
Answer:
A
Explanation:
TRUE - The operating system converts a basic user request into the set of detailed instructions that the computer hardware requires, thus acting as an intermediary between the application and the hardware.
After using her Chevy Citation for 17 years, Tracey's mechanic told her that it would cost more to fix the transmission than what the car was worth. She decided it was time for a new car. In which stage of the buying process is Tracey involved?
A. Product selection
B. Need recognition
C. Information search
D. Product examination
E. Product purchase
Answer is B. Tracey is involved in the Need recognition
Explanation: The need recognition is the very first step a consumer takes in the consumer buying journey. It has to do with realising and admitting that there's a need to be met or fulfilled. This is not just a want or wish, but the fact that she recognises the importance of a particularly thing to satisfy her unmet need and decided to acquire it.
If she doesn't recognise and admit that need to acquire a new car, the buying process will hardly progress since she's yet to be motivated to acquire a new car.
I hope this helps you?
Final answer:
Tracey is in the need recognition stage of the buying process after her mechanic advised her that the cost to fix her car exceeds its value.
Explanation:
Given that Tracey's mechanic has informed her that the cost to fix her Chevy Citation's transmission exceeds the value of the car, and she has decided to get a new car, Tracey is in the need recognition stage of the buying process. This is the first step where she acknowledges the necessity for a product—in this case, a replacement vehicle. The subsequent steps of the buying process would involve determining her decision criteria, gathering information, evaluating alternatives based on those criteria, and making the purchase decision, but at this moment, she is at the stage of recognizing the need for a new car.
When the Sherman Antitrust Act banned businesses from "restraining trade," Samuel Dodd came up with the ______, a corporation of corporations that had the power to hold shares of other companies.
Answer:
Holding company.
Explanation:
A holding company normally does not have operations of its own but owns the share of other companies. They form corporate groups, so are referred to as corporate of corporates.
Holding companies work to reduce the risk of the companies they own shares in. For example the shares they hold are protected from the operations of the company, so in times of crisis there is a pool of funds the business can fall back on.
Samuel Dodd came up with the concept of a trust, a corporation that held shares of other companies, in response to the Sherman Antitrust Act that banned businesses from restraining trade. Trusts controlled large portions of the market and often monopolized specific industries.
Explanation:When the Sherman Antitrust Act banned businesses from 'restraining trade,' Samuel Dodd came up with the concept of a trust. The 'trust' was a corporation of corporations that had the power to hold shares of other companies. Basically, a trust was used to control a large portion of the market, often by monopolizing a specific industry. For instance, Rockefeller's Standard Oil Trust controlled most of the petroleum industry. However, this was later deemed illegal as it violated the terms of the Sherman Antitrust Act, which aimed to protect consumers from abusive business practices and ensure fair competition.
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Jackson High School formed several teams to plan and execute the 150th anniversary celebrations of the school. Over a period of two months, the teams organized events, oversaw logistics and coordinated student activities. The events that were planned were on a large scale and required a lot of input from the teachers and students. This is an example of a(n) _________ team.A. project
B. management
C. work
D. action
E. parallel
Answer:
project team
Explanation:
The members belong to different groups (teacher and students)
They have difference functions and and they were dividend into sub-temas (one for each event)
And specially, after the celebration of the 150th annyversary ended the team are disbanded as the project is complete.
The student and teachers worker together for the goal of the 150th anniversary party.
An increase in demand for burgers _________. a. results in an increase in quantity demanded at every price. b. results in a movement upward and to the left along a demand curve. c. shifts the demand curve to the left. d. results in a movement downward and to the right along a demand curve.
An increase in the demand for burgers results in the results in an increase in quantity demanded at every price.
What is increase in demand?This is a term that is used in economics to mean that the quantity that users are requesting for a product has risen at the given price level.
With this definition in mind, the increase in burger would lead to increase in demand at the price level.
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Final answer:
An increase in demand for burgers results in an increase in quantity demanded at every price level, which is a rightward shift of the demand curve. This shift is different from a movement along the curve, which occurs due to price changes.
Explanation:
An increase in demand for burgers leads to a shift in the entire demand curve. This is accurately described as an increase in quantity demanded at every price level, resulting in a rightward shift of the demand curve. Therefore, the correct answer to the question 'An increase in demand for burgers _________.' is a. results in an increase in quantity demanded at every price level. This concept is central to understanding how changes in demand, as opposed to changes in price, affect market dynamics.
It is crucial to note that a shift to the right indicates an increase in demand across all price points. This differs from a movement along the demand curve, which occurs due to a change in the price of the good itself and is referred to as a change in quantity demanded.
Jacobs Company has inventory of 15 units at a cost of $12 each on June 1. On June 5, Jacobs purchased 10 units at $13 per unit. On June 12, it purchased 20 units at $14 per unit. On June 17, it sold 30 units. Using FIFO, what is the value of the inventory at June 17 after the sale? $140 $160 $210 $380
Answer:
$210
Explanation:
Date Description Units Price Total Balance
1-Jun Opening 15 $12 $180 $180
5-Jun Purchase 10 $13 $130 $310
12-Jun Purchase 20 $14 $280 $590
17-Jun *Sale -30 -$380 $210
*Working
Sale
Date Units Price Total
17-Jun -15 $12 $(180)
-10 $13 $(130)
-5 $14 $(70)
Total Sale -30 -$380
So, the correct answer is $210.
When solving systems of equations we have at least two unknowns. A common example of a system of equations is a price problem. For example, Jacob has 60 coins consisting of quarters and dimes. The coins combined value is $9.45. Find out how many of each (quarters and dimes) Jacob has. What do the unknowns in this system represent and what are the two equations that that need to be solved? Finally, solve the system of equations.
Answer:
a. The unknowns in the equation above are q and d that represent the number of quarters and dimes respectively.
b. The two equations that need to be solved are; q+d=60...equation 1, and
0.25 q+0.1 d=9.45...equation 2
c.
Number of dimes, d=37
Number of quarters, q=23
Explanation:
a.
Step 1: Derive equation for determining total number of coins.
The total number of coins can be derived using the expression below;
T=q+d
where;
T=total number of coins
q=number of quarters
d=number of dimes
In our case;
T=60 coins
q=unknown
d=unknown
replacing;
q+d=60...equation 1
The unknowns in the equation above are q and d that represent the number of quarters and dimes respectively.
b.
Step 2: Derive equation for determining combined value of coins.
V=(q×Q)+(d×D)
where;
V=total value of the coins
q=number of quarters
Q=unit value of a quarter in dollars
d=number of dimes
D=unit value of a dime in dollars
In our case;
V=$9.45
q=unknown
Q=$0.25
d=unknown
D=$0.10
replacing;
9.45=(0.25×q)+(0.10×d)
9.45=0.25 q+0.1 d
0.25 q+0.1 d=9.45...equation 2
Step 3: Combine equation 1 and 2 and solve simultaneously
(q+d=60)×0.25 >>>>>>>>>>>> 0.25 q+0.25 d=15
-
(0.25 q+0.1 d=9.45)×1>>>>>>> 0.25 q+0.1 d=9.45
(0.25 q-0.25 q)+(0.25 d-0.1 d)=15-9.45
0 q+0.15 d=5.55
0.15 d=5.55
d=5.55/0.15=37
d=37
Substitute the value of d in equation 1;
q+d=60
and q=37
37+q=60
q=60-37=23
q=23
Business and the Bill of Rights, Thomas worked in the non-military operations of a large firm that produced both military and non-military goods. When the company dis-continued the production of non military goods, Thomas was transferred to the plant producing military equipment. Thomas left his job, claiming that it violated his religious principles to participate in the manufacture of goods to be used in destroying life. In effect, he argued, the transfer to the military-equipment plant forced him to quit his job. He applied for unemployment compensation with the state but was denied because he had not been effectively "discharged" by the employer but had voluntarily terminated his employment, making him ineligible for that state benefit.
1. The free exercise clause has an absolute protection related to _______, but the government may restrict an individual’s ________in order to maintain order.
2. In order to financially support himself, Thomas either had to______working for the military division or needed to____ unemployment benefits.
3. In order to receive unemployment benefits, Thomas could not ______, but instead had to be ______.
4. Thomas’s company did not _____ him but instead allowed him an opportunity to continue working, but for the military division.
5. Working for the military division would _____ Thomas’s religious beliefs.
6. Because of the state’s regulation, Thomas either had to _____his religious beliefs and work for the military division or give up unemployment compensation.
7. Because the state forced Thomas to choose between his religion or his unemployment benefits, the state____ violate his free exercise rights.
Answer:
1.beliefs, actions
2.continue, receive
3.quit voluntarily, be terminated
4.terminate
5.violate
6.violate
7.did
Explanation:
The summary of the the composition above is about thomas who worked for non military arm of his company. He was then transferred to the military arm that specialises in the production of equipments for war.
Thomas then felt this was against his religious beliefs, and he reacted by by resigning from hi job. He applied for unemployment compensation with state but was denied.
This is against the rights of individuals irrespective of there beliefs
the following answers should suffice for the questions.
1.beliefs, actions
2.continue, receive
3.quit voluntarily, be terminated
4.terminate
5.violate
6.violate
7.did